The 25,000-square-foot facility's opening follows layoffs and office closures at the company, which hopes to capitalize on strong demand for physical formats.
The recognition comes as part of The NAMM Show’s Hip-Hop@50 celebration, a curated slate of sessions and events throughout the conference.
Growth in streaming activity for holiday music may be cannibalizing album sales — leading some to question whether labels will begin paring back their physical offerings.
